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Which joint account instruction allows any one of the account holders to operate the account independently during their lifetime?

easy Q2 of 15
Banking Awareness - Types Of Bank Accounts
Which joint account instruction allows any one of the account holders to operate the account independently during their lifetime?
AJointly
BFormer or Survivor
CAnyone or Survivor
DMinor Joint Account
Step-by-Step Solution

  1. Step 1: Focus on independent operation.

    The account can be operated by any one holder.

  2. Step 2: Identify the correct instruction.

    This matches Anyone or Survivor.

  3. Final Answer:

    Anyone or Survivor → Option C

  4. Quick Check:

    Any one can operate = Anyone or Survivor ✅
Quick Trick: Anyone can operate → Anyone or Survivor.
Common Mistakes:
  • Confusing Anyone or Survivor with Either or Survivor.
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